Barclays plans five-year buffered PLUS linked to index, fund basket

By Susanna Moon

Chicago, Dec. 16 - Barclays Bank plc plans to price 0% buffered Performance Leveraged Upside Securities due Dec. 26, 2018 linked to a basket of two indexes and one exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Dow Jones industrial average with a 40% weight, the Euro Stoxx 50 index with a 40% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.

The payout at maturity will be par of $10.00 plus at least 109% of any gain in the basket, with the exact participation rate to be set at pricing.

Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

Barclays is the agent with Morgan Stanley Smith Barney LLC as dealer.

The notes will price on Dec. 20 and settle three days later.

The Cusip number is 06742E141.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.